Goldman Sachs (GS) CEO says as the quarter progressed, the macro environment started to weigh on sentiment

• Market conditions tempered execution for IPOs and sponsor activity broadly, GS believes that activity levels will rebound once conditions stabilize.
• Feels good about the long term opportunity in private credit and its ability to deliver attractive risk adjusted returns for clients; 30yr track record, "rigorous underwriting", net inflows of more than 7% into largest non-traded BDC this quarter, and patient deployment via predominantly institutional drawdown structures.
• Spreads are becoming more lender-friendly in private credit.
• CEO says it has significant runway to further scale private credit business toward our USD 300bln target

CFO: 

• Accelerating investments in cloud migration and in the accuracy, completeness, and timeliness of its data.
• Will continue to dynamically deploy capital to support client franchise, while also returning capital to shareholders.